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moon333

USDJPY formed bullish shark | A good long opportunity

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
moon333  
FX:USDJPY   U.S. Dollar / Japanese Yen
Shark Oscillators Fibonacci usdollarjpy usdollarlong usdollarforecast USDJPY usdjpylong usdjpyanalysis usdjpybuy forexsignals forextrading
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sharkpattern oscillator fibonacci usdollarjpy usdollarlong usdollarforecast usdjpy usdjpylong usdjpyanalysis usdjpybuy forexsignals forextrading
After successful formation of bullish Shark pattern the price line of US Dollar / Japanese Forex pair Yen has formed another bullish shark pattern.
Even though the price action has hit the sell zone upto 0.382 fibonacci but all indicators are still turning bullish therefore I am expecting more profit.
MACD is turning bullish
Stochastic is oversold and has given bull cross
Volume profile is showing less interest of traders at this area.
I have used Fibonacci sequence to set the targets:

Buy between: 105.502 to 103.691

Sell between: 107.035 to 110.572

Regards,
Atif Akbar (moon333)

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